Details Shared About the Latest Update on TRON: Will TRX Price Rise?

• Tron (TRX) is gearing up for a significant update with the unveiling of plans for the release of Tron Core Devs’ Grand Journey-v4.7.4(Bias) version.
• The upcoming update, Grand Journey-v4.7.4 (Bias), aims to revolutionize the TRON network with a series of impactful improvements.
• With the imminent release of Grand Journey-v4.7.4 (Bias) version, Tron enthusiasts and stakeholders can anticipate a more robust and efficient network infrastructure.

Tron, one of the popular altcoin projects, shares the details of its Bias version; What is Tron planning with this update?

TRON Reveals Details of the New Update

Tron (TRX), the venture of Justin Sun, is preparing for a significant update with plans unveiled for the release of Tron Core Devs’ Grand Journey-v4.7.4(Bias) version. The community is particularly anticipating the release of this update in the first quarter of 2024.

This update promises significant enhancements focusing on simplifying protocol development, increasing network stability, and optimizing performance. The upcoming Tron update, Grand Journey-v4.7.4, named Bias, is set to bring about a revolutionary series of improvements. According to recent announcements, the forthcoming version includes a variety of expected enhancements.

Among notable additions is the support for gRPCurl tool calls, streamlining gRPC interface calls and facilitating user-node interaction. This development aims to reduce complexities and enhance user experience within the ecosystem.

Moreover, the Bias update addresses module dependencies in the Java-tron code by optimizing Gradle dependencies. This optimization aims to eliminate redundant code dependencies and make code dependencies more transparent. Improving dependency management not only simplifies the development process but also contributes to reducing maintenance costs, enhancing overall network efficiency.

Additionally, the upcoming version introduces improvements in response to community initiatives like TIP-635, enhancing the withdrawal speed of voting rewards. This improvement is expected to significantly increase the calculation speed of voting rewards, thus enhancing the overall transaction efficiency of the TRON network.

Price and Performance in the Face of Expected Impact

With the imminent release of Grand Journey-v4.7.4 (Bias) version, Tron enthusiasts and stakeholders can expect a more robust and efficient network infrastructure. By addressing key areas of protocol development, network stability, and performance optimization, Justin Sun’s Tron reaffirms its commitment to providing users with a seamless and rewarding blockchain experience.

In other words, as the cryptocurrency landscape continues to evolve, Tron’s proactive approach to innovation positions it as a leader in the blockchain technology space. This development also coincides with the period when Tron founder Justin Sun hinted at the possibility of launching a Tron ETF in the coming days.

However, despite the positive update, the Tron (TRX) price has remained relatively unchanged and was trading at $0.1434 at the time of writing. Yesterday’s trading volume increased by 27.14%, reaching $553.58 million. Nevertheless, the TRX price has notably scored approximately a 26% monthly gain and nearly a 3% increase in the last seven days.